In January – February 2024 the volume of cumulative cash receipts from banks exceeded the volume of cumulative cash releases in the banking system1 by MDL 398.5 million.
In the reference period, the volume of cumulative cash receipts increased by MDL 417.0 million (+1.6%) compared to the similar period of the previous year and amounted to MDL 26,295.1 million.
A significant increase was recorded in the receipts from the sale of consumer goods (regardless of the sales channel), by MDL 1,107.2 million (+8.2%), up to the total amount of MDL 14,563.4 million, which represents 55.4 percent of the total volume of receipts (Chart 2). Substantial increases were also recorded for other cash receipts – by MDL 412.3 million (+11.1%), as well as for receipts from businesses that provide other services - by MDL 350.6 million (+20.2%).
At the same time, in January – February 2024, considerable decreases were recorded in cash receipts on current accounts and deposit accounts of individuals - by MDL 582.5 million (-17.6%), in receipts from payments for rent and utilities - by MDL 397.5 million (-56.6%), as well as for receipts from the sale of foreign currency to individuals - by MDL 242.2 million (-21.3%), amounting to MDL 893.8 million, which is the equivalent of USD2 50.3 million (Chart 1).
Chart 1. Main sources of cash receipts in banks vaults and their monthly dynamics
[1]
The volume of cash releases from banks in January – February 2024 increased by MDL 1 311.0 million (+5.3%) compared to the same period of the previous year and amounted to MDL 25,896.6 million (Chart 2).
Chart 2. Main purposes of cash releases from banks vaults and their monthly dynamics3
[2]
The evolution of the volume of cash releases from banks was determined, on the one hand, by the increase of withdrawals from the ATM by MDL 1,033.6 million (+10.3%), of releases for work remuneration and social payments by MDL 466.1 million (+23.5%), of releases from individuals’ accounts by MDL 261.5 million (+8.8%), and on the other hand, by the decrease in the volume of cash released for the purchase of foreign currency from individuals, by MDL 650.0 million (-10.9%).
- Volume of cash operations on the banking system of the Republic of Moldova, January – February 2024 [3]
- Instruction on the compilation by banks of the Report on the volume of cash operations [4]
1. The volume of receipts and releases includes transactions with commemorative coins.
2. Recalculated using the average official exchange rate calculated for the respective period.
3. Aggregate data may not correspond exactly to the sum of the components due to mathematical rounding.